President Dina Boluarte described the inauguration of Chancay as a 'historic moment' that would transform Peru's economy into a world-class industrial and logistical hub.
Boluarte has been rolling out the red carpet for Xi, with China having overtaken the U.S. as Peru's biggest trading partner.
Chancay, built and operated by Chinese state company COSCO, will be the largest deepwater port on South America's Pacific Coast, cutting shipping times significantly.
With Biden meeting Xi being overshadowed by Trump’s tariff threats, critics warn this could shift global trade further in China's favor.
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